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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]The odds are that your child will not get into any of the Ivy+ schools. So it's not really a problem for 99%.

If your child is  on track to go to an elite school and you're earning $250k+, its not that hard. Most folks earning UMC incomes have had a pretty good idea that their children would go to college since before they were born and have steadily put away some money over the past 18 years in preparation.  Of all the financial hurdles you face in life, college is probably the most predictable.

At UMC income levels, the choice is yours, just like most financial decisions. How big a house? How nice a car? Not, can I afford a house or a car.  Would you rather wait until you die to give your children money or would you rather see them reap the benefits while you're around?  [b]Is giving a down payment on your child's first house closer to your values than the best education you can afford[/b]? 
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We are upper middle class and will be funding neither a down payment on kids' first house nor an Ivy-league education. ~shrug~[/quote]

+1[/quote]

Pap (not the middle class one but the other one): you are naive if you think that everyone's life, even those with incomes like you describe, has been in a position to save massive sums all along. Some of us care for relatives, some of us have expensive but invisible health issues. Some of us give bast sums to important causes. Many of us have not always had incomes,like we do now.  Some of us finished school relatively recently and owe money back.  If you are lucky enough that everything has gone your way all along, I am happy for,you. Know you are not typical.

That money I didn't save that you think I spent on a big house? Well, I spent it on chemo.  My son's ok with that choice.
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